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How Some Small Banks Are Firing the Fed

How Some Small Banks Are Firing the Fed

Posted on Fri, Nov 10, 2017 @ 7:20

By Christina Rexrode
November 9, 2017, The Wall Street Journal

Bank of the Ozarks wanted to cut costs, so it ditched the Fed.

The Little Rock, Ark., bank was regulated by the Federal Reserve, the Federal Deposit Insurance Corp., a state banking agency and others. It figured one way to reduce expenses would be to remove a layer of oversight.